Following FED Chairman Powell's speeches, there were declines in all markets, especially the US markets.
Cryptocurrencies were also hit hard by these declines. Among the top 10 cryptocurrencies, there is no cryptocurrency with a green graph, except for #Bitcoin .
We also saw sharp declines in important altcoins such as BNB, ETH, XRP, and SOL.
There had been a decline for days. After Powell's speech, the decline deepened even more.
Terra Classic coins LUNC and USTC were also hit hard by these declines.
There were also deep declines on the Memecoin side. FLOKI also experienced a decline of nearly 20%.
Now the question is; is this the bottom? There is no such thing as a bottom in cryptocurrencies. The altcoin side in particular does not inspire confidence. You should know the risks of short-term investments and futures...
